Self Study Report of POORNAPRAJNA INSTITUTE OF MANAGEMENT SELF STUDY REPORT FOR 1st CYCLE OF ACCREDITATION POORNAPRAJNA INSTITUTE OF MANAGEMENT POORNAPRAJNA INSTITUTE OF MANAGEMENT POORNAPRAJNA CAMPUS UDUPI KARNATAKA-576101 576101 www.pim.ac.in Submitted To NATIONAL ASSESSMENT AND ACCREDITATION COUNCIL BANGALORE February 2019 Page 1/116 05-05-2019 10:34:32 Self Study Report of POORNAPRAJNA INSTITUTE OF MANAGEMENT 1. EXECUTIVE SUMMARY 1.1 INTRODUCTION Poornaprajna Institute of Management, Udupi established in 2006 is promoted and managed by Udupi Sri Admar Mutt Education Council. PIM is not only a dream but also a hard-earned vision of His Holiness Sri Vibudhesha Theertha Swamiji to provide management education to the committed students in bringing their dreams into reality. The Institute has now completed 12 years of existence serving for the cause of higher education. The Institute has 31 sister institutions spread all over the country under the management. Revered Swamiji is a pioneer in the field of education whose vision is a guiding light and a motivation for all Poornaprajna Institutions ever. The Institution is presently functioning under the direction of His Holiness Shri Vishwapriya Theertha Swamiji accompanied by the expertise of academicians in the Managing Council. The aim of the Institution is to attain social welfare through education and the Institute provides a valuable service to the most needy and deprived ones in the society. The PIM is approved by AICTE, recognised by Govt. of Karnataka and affiliated to Mangalore University. It offers two years’ MBA programme. Students are admitted as per the Govt. regulations. The intake of the Institute is only 60 per year. PIM admits only limited number of students to maintain the quality of resource as well as output, and admission is done through MAT/KMAT/PGCET exams. The MBA students of many of the earlier batches have secured Ranks and Gold medals proving their academic excellence. Further, the Institute has a meaningful partnership with industries, linkage with community, tie ups with premier Institutions and rapport with the experts in the field in order to achieve holistic development of the students of the Institution. Poornaprajna centre for Research and Development has been functioning very well as a constituent of the Institution. The Institution is no doubt a centre of excellence. It's a pride to have a highly qualified and talented teaching faculty working for the well-being of the wards. The Institute enables the students to develop themselves competent and socially responsible, by paving the way for a student-centric approach and atmosphere. Vision "To be a leading B-School in the region with a focus to transform the youth to modern managers and build ideal business practices among the student community to enable them to meet the ever changing business requirements." Mission Develop conceptual and practical business skills among the students to help them adapt to the dynamic business environment. Page 2/116 05-05-2019 10:34:32 Self Study Report of POORNAPRAJNA INSTITUTE OF MANAGEMENT Build leadership acumen among the students by promoting lifelong and essential learning skills. Provide an environment that enables innovation, creativity and out of the box thinking. Encourage transformational learning resulting in building a strong personality to face corporate challenges. Empower the students from diverse academic and socio-economic backgrounds by providing quality education and transforming them to become business leaders and professionals who are committed, dedicated and ethical. 1.2 Strength, Weakness, Opportunity and Challenges(SWOC) Institutional Strength Centrally located in a sprawling campus in the City of Udupi, the world famous Krishna Temple and Krishna Mutt. Good infrastructure facilities; separate building with multimedia enabled classrooms, well-equipped computer lab, and library in an eco-friendly environment Only institution in Udupi district affiliated to Mangalore University offering management education at affordable fees. Good academic track record in the University exams and etiquettes Academically well-qualified faculty with more than half the teachers having Ph.D. Trained and committed non-teaching personnel Visionary leadership and Progressive Management Students mentorship mechanism and field surveys Educative extension programmes to sensitise students to societal problems Outreach activities to contribute to the development of underprivileged sections of the society Presence of sister institutions in the campus has ensured continuous sustainability and growth of PIM. Hostel facility for male and female students High degree of discipline with a stress on imbibing values of life, thus motivating the students to become responsive and responsible. Student-friendly academic atmosphere providing scope for healthy student-teacher Competitive fee structure in comparison with nearby management institutions has made management education affordable to the economically weaker sections of the society. Non-discriminatory approach of PIM has facilitated in increasing the enrolment of female students to management education which is a strength in disguise. Institutional Weakness Institute has no academic autonomy. PIM’s time-schedule has to be rigid as students come from far off places. Institutional Opportunity Schemes like start-up India, skill India promote industrial growth in the economy. Hence, more demand Page 3/116 05-05-2019 10:34:33 Self Study Report of POORNAPRAJNA INSTITUTE OF MANAGEMENT for management education and corporate academic interactions Awareness schemes like Swachh Bharath, Unnath Bharath of GOI make management education all the more relevant. Moreover PIM has research projects through PCRD Involvement of students in project work and field surveys more actively and effectively, as students are highly motivated for self-employment /future career Conducting student-centred activities with the objective of creating a civic sense Institutional Challenge Lack of computer know-how and dearth in spoken English among students at the entry level To invite more industries for placement, internships and projects Decline in the standard of education in UG level affecting comprehending capacity of PG students. Difficult to place female students due to their geographical preference. To attract government funding or grants for the proposals of faculty members of PIM in the competitive environment To keep pace with the rapidly changing industrial requirements. Establishment of collaboration with foreign universities. 1.3 CRITERIA WISE SUMMARY Curricular Aspects Poornaprajna Institute of Management is affiliated to Mangalore University and follows the syllabus prescribed by the University. The University has adopted Choice Based Credit System. However curriculum planning and implementation strategies are designed by the Institution. Subjects are allocated to the faculties and each faculty prepares a lesson plan for the allotted subjects, which gets approved at the Academic Council meeting arranged by the IQAC. Time-table committee prepares the time-table. Each faculty maintains a work dairy which describes the topic handled in each class. Director signs the work dairy periodically after verification. Smart classrooms are used for curriculum delivery. Student- centric teaching-learning methods such as case study, group discussion, quiz, role play, seminars, peer-teaching, peer-learning etc. are used. In addition to classroom learning students are sent for field visits and internship to make them have practical exposure. University updates the courses from time to time and the faculties get involved in the process by preparing model syllabus. Apart from the University curriculum the Institute offers Dual Specialisation, Computer Skills, Yoga for stress management and German Language as certificate courses. There are various value added courses offered by the Institute such as Soft-Skill –I and II, Communicative English and Personality Development. The institute integrates cross- cutting issues relevant to Gender, Environment and Sustainability, Human Values and Professional Ethics through various activities of the clubs set up in the Institute. Besides this, the syllabus prescribed by the University also makes provision for such integration. Faculties participate in Board of Studies, Board of Examiners of various Autonomous Institutions as paper Page 4/116 05-05-2019 10:34:34 Self Study Report of POORNAPRAJNA INSTITUTE OF MANAGEMENT setters and external examiners. Stakeholders are the best judges. Therefore feedback is collected from various stakeholders such as students, alumni, parents and teachers. The feedback taken on syllabus, design and development is analysed and measures are taken after having absorbed them, to improve the quality of education of the Institute. Teaching-learning and Evaluation The Mangalore University affiliated MBA programme offered by PIM has an intake of 60 per annum. Of this, 50% seats are filled under the management quota, while the remaining 50% are filled under the government quota through PGCET. At present, there are 116 students in the Institute; 56 in first year and 60 in second year. Of this, four students are from other states. A bridge course curriculum is designed by the Institute and is implemented at the commencement of first semester classes. Remedial classes are conducted in first semester, especially in Accounting, for the benefit of non-commerce students. The institution has five ICT enabled